Glendale Tech Strategy

Glendale Tech Strategy2
Tech Landscape What are the best practices for promoting a city’s tech industry?
1. Understanding the existing tech scene in your city.
2. Craft strategies based on the distinct needs of the particular sub-sector being targeted.
3. Promote and connect local entrepreneurs and encourage coordination and communication among business support organizations that nurture business start-ups.
4. Invest in human capital via workforce training.
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Aerospace Products
Computer Software, Design, and
Services and Online Publishing
for this report)
Telecommunications
Glenair United Engineering Company, Inc. Quest Diagnostics Hi-Tech Electro Design LegalZoom JH Biotech Europe-Africa LLC Mechanical Concepts Liftoff Disney Interactive Media Group Avery Dennison Regus Weil Aquatronics
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Number of High Tech Firms by Subsector in Glendale and Los Angeles County, 2016
HIGH TECH SUBSECTOR Aerospace Products Architectural & Engineering Services Biopharmaceuticals & Medical Devices Computer Products & Electronics Manufacturing Computer Software, Design, Services, and Online Publishing Food Technology Machinery & Equipment Manufacturing Management, Scientific, & Technical Consulting Media Petroleum & Chemical Products Manufacturing Telecommunications Wholesale Activities Related to High Tech TOTAL
NUMBER OF FIRMS IN GLENDALE
12
194
96*
12
140
26
14
206
69
4
73
183
1,029
COUNTY
628
6,435
2,232
901
4,651
892
1,114
8,775
3,543
289
3,418
8,247
41,125
HIGH TECH SUBSECTOR Aerospace Products Architectural & Engineering Services Biopharmaceuticals & Medical Devices Computer Products & Electronics Manufacturing Computer Software, Design, Services, and Online Publishing Food Technology Machinery & Equipment Manufacturing Management, Scientific, & Technical Consulting Media Petroleum & Chemical Products Manufacturing Telecommunications Wholesale Activities Related to High Tech TOTAL
NUMBER OF EMPLOYEES
Business Tax
• Traditional office space
• Promote Glendale’s Business Friendly Environment
• Create a Space for Tech
• Create and Support Glendale’s Tech Workforce
• Support Glendale’s Quality of Life
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INTERNAL
• Build Civic Technology Infrastructure
• Leverage Industry Networks
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RECOMMENDATIONS Tech Focused Organization • ID core leaders in Glendale’s tech community
willing to lead the effort
• Work with core leaders to brainstorm a path forward: develop a mission statement and priorities, create a funding strategy, etc.
• The City could offer initial support – but should ultimately be a community driven effort
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Boulevard • Promote Business Concierge Program to
Tech Businesses
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RECOMMENDATIONS Create a Space and Programs for Tech • Preserve and Maintain Industrial and
Manufacturing Space in West Glendale • Attract Medical Related Uses:
North Glendale • Tech Accelerators/Incubators
program • Highly competitive
program • Direct mentorship
accelerator, but over a longer period of time
• Usually industry focused (e.g. biotech)
• Membership- based creative office space
• Shared working environment
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RECOMMENDATIONS Tech Incubator/Accelerator • Develop an accelerator program to be
operated on a time-limited period, such as 90 days, once a year.
• Partner with a high-quality co-working space.
• Actively build relationships with investors - angel, seed-stage funds, and VCs – so Demo Days are well attended.
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• Career Awareness • Work Experience • Continuing Education
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• Transportation • Public Space • Public Sector Innovation
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Glendale Tech Strategy A ROADMAP FOR GROWING GLENDALE’S TECH SECTOR
GlendaleTech Strategy